Dubai Holding Awards Dh5 Billion Contract for New HQ and Jumeirah Residences Emirates Towers

Dubai Holding has announced a significant Dh5 billion construction contract awarded to China State Construction Engineering Corporation Middle East (CSCEC ME) for the development of its new corporate headquarters and the Jumeirah Residences Emirates Towers. The agreement, witnessed by Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Holding, represents the largest building contract ever issued by Dubai Holding.

New Dubai Holding Headquarters

The new Dubai Holding headquarters, designed by global firm Skidmore, Owings & Merrill (SOM), is scheduled for completion in 2029. The building will feature a distinctive circular design with an open-air atrium and landscaped courtyard, intended to foster collaboration and innovation among the Group's businesses, which will be consolidated under one roof. The design prioritises employee well-being, sustainability, and advanced technology, aiming to meet international standards for resource efficiency and a lower-carbon future.

Jumeirah Residences Emirates Towers

Concurrently, the contract will advance the Jumeirah Residences Emirates Towers, a flagship residential project by Meraas. This development will consist of 754 branded residences spread across two towers, with handover anticipated in 2030. Designed by SCDA Architects, the residences will blend contemporary architecture with Jumeirah's signature Arabian hospitality, providing residents with direct access to key business, cultural, and lifestyle destinations in Dubai.

Strategic Investment in Dubai's Growth

This substantial investment underscores Dubai Holding's commitment to supporting Dubai's long-term economic and urban expansion. Sheikh Ahmed emphasised that the investment reflects Dubai's vision for growth and its continued ambition to set new benchmarks for global cities. Amit Kaushal, Group CEO of Dubai Holding, highlighted the contract as a reflection of the Group's strategic growth and disciplined capital deployment aimed at strengthening its portfolio and creating long-term value for the city.